Amazon’s fourth-quarter guidance for operating profit was so wide you could drive a delivery truck through it.
The online retailer said in its earnings report on Thursday that operating income for the last three months of the year will be between $1 billion and $4.5 billion. That incorporates roughly $4 billion of costs tied to Covid-19 for things like testing, cleaning, extending employee breaks and social distancing measures.
That $3.5 billion difference between the high and low end of the guidance range leaves a lot for investors to consider. Last year, Amazon baked a $1.7 billion gap into its fourth-quarter operating profit forecast. In 2018, the difference was $1.5 billion.